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Location: Alapakkam
CTC Annexure
Emoluments for the grade of Assistant Manager - Sales for Muthamizh Selvan
Details of Benefits
Loan Benefit Eligibility
Rate of
Type of Loan Eligibility Loan Amount (in Rs.) Remarks
Interest
For takeover loans, the
4% repayment will be 240 months
Housing Loan Upon Confirmation 20,00,000 (Compound or the balance service period
Int.) (in months) left, whichever is
less.
For takeover loans, the
repayment will be the residual
period of the original sanction
6%
Vehicle Loan Upon Confirmation 2,00,000 term, or 120 months, whichever
(Simple Int.)
is less, with Principal and
Interest instalments in the ratio
of 7:3.
Note: Loan benefits cannot be encashed if not availed.
Insurance Details
Type of
Insurance Cover (in Rs) Remarks
Insurance
Employee plus 3 dependants are covered under
Group Mediclaim
4,00,000 the floater policy. Additional 2 dependants can be
Insurance Policy
covered for an additional premium.
The Bank has a voluntary provident fund scheme wherein you will be eligible to voluntarily contribute to the Provident Fund
Trust, in addition to the statutory requirement. Such contribution is eligible to earn the same rate of interest as statutory
contribution.
Other Benefits
Variable Pay/
Performance linked bonus pay / Annual Incentive Plan (as applicable), will be paid/given as per the
Annual Incentive
Company’s policy, subject to your being a confirmed employee as per the current year policy. The
Plan (as may be
payouts will be based both on individual performance and organization’s performance.
applicable)